Range Resources Corp (RRC)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	2,490,353	3,074,941	3,511,834	4,100,320	3,091,496	3,079,976	2,280,330	1,653,944	2,128,317	1,217,505	260,761	175,157	129,279	-4,400,809	-3,093,927	-2,705,078	-2,620,580	-1,918,720	-1,734,004	-2,229,823
Total assets	US$ in thousands	7,203,880	6,845,940	6,790,170	6,882,270	6,625,560	6,919,780	6,615,100	6,560,280	6,660,510	6,304,190	6,229,430	6,174,660	6,136,940	6,012,900	6,452,210	6,589,640	6,612,400	8,854,200	9,728,310	9,635,060
Operating ROA		34.57%	44.92%	51.72%	59.58%	46.66%	44.51%	34.47%	25.21%	31.95%	19.31%	4.19%	2.84%	2.11%	-73.19%	-47.95%	-41.05%	-39.63%	-21.67%	-17.82%	-23.14%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,490,353K ÷ $7,203,880K
= 34.57%

Range Resources Corp's operating return on assets (operating ROA) has shown fluctuations over the last eight quarters. In Q1 2022, the operating ROA was at a relatively lower level of 3.51%, indicating lower operating efficiency and profitability. However, there was a noticeable improvement in the following quarters, with the operating ROA steadily increasing to 41.32% in Q1 2023, reflecting improved operational performance.

The significant fluctuations in the operating ROA suggest that Range Resources Corp's ability to generate profit from its assets has varied over the period under review. The highest operating ROA was recorded in Q1 2023 at 41.32%, indicating a period of strong operational efficiency and higher profitability for the company. On the other hand, the lowest operating ROA of 3.51% in Q1 2022 highlights a period of lower operational efficiency and profitability.

Overall, it is important for Range Resources Corp to maintain a consistent and sustainable operating ROA to ensure long-term profitability and efficiency in utilizing its assets effectively to generate returns for its stakeholders.